MOAG SAYS HE HAS NO CONFLICT OF INTEREST WITH NEW POSITION

MD Stadium Authority Chair John Moag, who was named to
head the sports investment group at Legg Mason Wood Walker
Inc., said that he "will take the steps necessary to avoid
conflicts of interest," according to Jon Morgan of the
Baltimore SUN. Moag said that his investment group "won't
be looking for work" in MD and added, "The kind of stuff I'm
going to be doing here is out of state." However, Morgan
wrote that others "aren't so sure," including MD Common
Cause Exec Dir Kathleen Skullney, who called Moag's new
position "very problematic," and said Moag "has a
responsibility to the state not to wear those two hats."
Moag said that he "will recuse himself from consideration of
business that might overlap with Legg Mason's work," adding
that Legg Mason "won't do business" with the Stadium
Authority or either Baltimore team (Baltimore SUN, 6/7).